Polymet SA (S) PTE. LIMITED initiated proceedings against Shree Tel Fab Industries Private Limited under IBC Section 9. A settlement agreement dated 2021-08-28 was reached between the parties. The settlement agreement was placed on record. The case, CP(KB)/49(KB)2021, was dismissed as withdrawn based on the settlement agreement. The Operational Creditor retains the right to revive the case if the settlement agreement fails. Ms. Shivangi Thard, Advocate, appeared for the Operational Creditor, and Mr. Ayush Jain, Advocate, appeared for the Corporate Debtor.

Polymet SA (S) PTE. LIMITED initiated proceedings against Shree Tel Fab Industries Private Limited under IBC Section 9. A settlement agreement dated 2021-08-28 was reached between the parties. The settlement agreement was placed on record. The case, CP(KB)/49(KB)2021, was dismissed as withdrawn based on the settlement agreement. The Operational Creditor retains the right to revive the case if the settlement agreement fails. Ms. Shivangi Thard, Advocate, appeared for the Operational Creditor, and Mr. Ayush Jain, Advocate, appeared for the Corporate Debtor.